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Monday, April 14, 2008

Investment Banking Salary and Bonus

Last year, two among the top three earners of Hong Kong University graduates worked for investment banks. They both made close to HK$1.2 million (c.US$150,000). Not bad for a first year job, however the number is not exciting enough. Asset management is the rising star of investment banking. Let me give you some exciting figures on one of my recent successful fund management candidates.

Thoughts on MoneyActually these are numbers on paper. The take-home money could have no ceiling. In terms of money making, you don’t need to target yourself to be John Mack or Hank Paulson. A low profile hedge fund manager can make more money than Wall Street CEOs. In the field of investment banking, salary only contribute a small portion of your total income, bonus is the real money. One of my hedge fund manager candidates reported to have made US$29 million in 2006 when he was only 29. (Note: The other side of the story is: if your fund isn’t making money for the bank and your clients, you’ll loss your job.)

Summary on Candidate ResumeThis candidate has 21 years of IB experience, however his resume is only two pages. If you are doing well, you don’t have to write long. Your movements, i.e. your career history speak for yourself. The candidate worked for a total of three employers across three continents in the past 21 years. Started as an option trader and became a head of international equity mutual funds in 10 years time. Each of his movements was upward movements.More resume writing tips from Jimmy Sweeney's Amazing Resume CreatorInvestment Banking Salary

About Me

A Note from Anna Maria D'Souza

Due to my full time commitments, I am unable to provide free resume review any more.

If you have less than three years full-time work experience, and would like to seek my personal help, email me at ibankingresumes(at)yahoo(dot)com. I will give you a quotation. I respect your privacy and will not sell your email address to third party.

You can also check out the Career Tools I listed at top of this sidebar for immediate assistance.